OrangeX.com: Leading the Way in Regulatory Compliance Excellence

VICTORIA, Seychelles, March 25, 2025 /PRNewswire/ -- In the fast-paced and ever-evolving cryptocurrency landscape, regulatory compliance has become a defining factor in ensuring long-term sustainability, security, and trust. As a premier global cryptocurrency exchange with more than 3 million users, OrangeX.com is dedicated to upholding the highest standards of legal and regulatory adherence. It fosters a transparent and secure trading environment for users worldwide, which is essential in building trust and reliability with its users and stakeholders.

Adapting to Global Regulatory Standards

OrangeX.com proactively aligns with key regulatory frameworks across multiple jurisdictions, ensuring its operations comply with evolving global regulations. Recognizing the importance of credibility in the international market, OrangeX.com has strategically secured essential licenses and implemented stringent compliance measures.

To reinforce its regulatory foundation, OrangeX.com has obtained a Virtual Asset Service Provider (VASP) license in the Czech Republic.

The Financial Market Supervision Authority (FMSA) serves as the regulatory body administrating and monitoring crypto-related activities in the Czech Republic. As a registered VASP, OrangeX.com has the authorization to provide exchange services between various forms of virtual assets with fiat currency. For OrangeX.com users, the benefits of VASP include more liquidity, wider availability, and tighter data encryption. Operating legally in the Czech market is also a significant milestone for OrangeX.com in expanding its presence in the European Union (EU) region.

Strengthening Compliance Measures

Beyond regulatory licensing, OrangeX.com has embedded a rigorous Know Your Customer (KYC) and AML framework into its operations. These initiatives are designed to prevent illicit financial activities while fostering a secure and trustworthy trading ecosystem. The exchange's dedicated AML/CFT and Sanctions Compliance team comprises seasoned professionals with extensive industry experience and accredited certifications in anti-money laundering compliance. To further safeguard its platform, OrangeX.com enforces enhanced due diligence (EDD) protocols for high-risk customers and transactions, ensuring meticulous scrutiny and compliance. By leveraging advanced blockchain analytics tools and collaborating with industry-leading compliance firms such as LexisNexis Risk Solutions, SlowMist, and CipherOwl, the exchange continuously monitors transactional activities to detect and mitigate potential risks associated with financial crimes.

• LexisNexis Risk Solutions: A global leader in data analytics and risk management, LexisNexis Risk Solutions provides advanced fraud detection, identity verification, and financial crime compliance solutions. The company is trusted by top-tier financial institutions, government agencies, and multinational corporations, helping them mitigate risk and navigate complex regulatory landscapes with cutting-edge AI-driven analytics. The company collaborates with major institutions worldwide and employs professionals from top firms like IBM, Accenture, and Deloitte.
• Slowmist: A renowned blockchain security firm specializing in smart contract auditing, threat intelligence, and anti-money laundering (AML) solutions. The company has partnered with leading global crypto exchanges such as Binance and OKX, as well as blockchain projects like Ethereum and EOS, to provide comprehensive security assessments and cyber threat mitigation strategies. The team includes experts from leading tech and cybersecurity companies like Alibaba and Tencent.
• CipherOwl: CipherOwl is a next-generation, AI-powered onchain intelligence platform revolutionizing regulatory compliance and risk analysis for institutional use cases. Leveraging advanced machine learning and data-driven algorithms, CipherOwl automates transaction monitoring and predictive risk assessment, enhancing compliance effectiveness and operational efficiency. Backed by prominent U.S. institutional investors—including General Catalyst, Coinbase Ventures, Road Capital, OKX Ventures, and Sancus—the CipherOwl team consists of experts who built Coinbase's onchain data infrastructure and compliance platform, bringing extensive experience from top technology and blockchain companies such as Coinbase, Amazon, Microsoft, Twitter, and Chainalysis. This uniquely positions CipherOwl to drive innovation in digital asset compliance.

This partnership further highlights OrangeX.com's dedication to adapting to evolving regulatory landscapes and solidifying its position as a responsible leader in the cryptocurrency space. Through this collaboration, OrangeX.com aims to continuously improve its compliance measures, safeguarding users and enhancing the security of its platform.

Completed the integration of the Travel Rule API

OrangeX.com has integrated multiple Travel Rule APIs, including those provided by verifyVASP and CODE Alliance, as a critical component of its AML regulations. The Travel Rule mandates that transaction data is shared when sending cryptocurrencies above a specified value to Virtual Asset Service Providers (VASPs). This integration highlights OrangeX.com's commitment to compliance and its proactive efforts to meet the requirements outlined by the Markets in Crypto-Assets Regulation (MiCAR).

Prioritizing Transparency and Security

Transparency is a cornerstone of OrangeX.com's compliance strategy. The exchange consistently publishes detailed reports outlining its regulatory compliance efforts, AML policies, and security measures. Additionally, OrangeX.com conducts regular internal and external audits to ensure operational integrity and uphold regulatory excellence.

Security remains a top priority. OrangeX.com implements robust security measures, including penetration testing, vulnerability assessments, and advanced encryption technologies like Transport Layer Security (TLS) and Advanced Encryption Standard (AES).

By embedding compliance at the core of its operations, OrangeX.com not only protects its users but also strengthens the credibility and legitimacy of the broader cryptocurrency industry. As regulatory landscapes continue to evolve, the exchange remains dedicated to maintaining responsible and compliant trading practices on a global scale.

About OrangeX.com

Established in 2021, OrangeX.com provides its users with services including derivatives trading, spot trading, one-click copy trading, and a fiat gateway to purchase cryptocurrencies. OrangeX.com continues to connect users with professional services and the platform in a safe and innovative way.

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SOURCE OrangeX